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8530 NY-414, Lodi, NY, 14860

DOLLAR GENERAL
closed

Key Information

Cap Rate
6.6%
Tot. SF
10,566
Year Built
2023
Term Remaining
±13.4 YRS
Type
Retail

Highlights

Lease & Location:

  • 2023 Construction for Dollar General
  • ±13.5 Years remaining on an Initial 15-Year Abs NNN Lease
  • 5% rental increases every 5-years for the life of the lease
  • Situated along NY-414 on the east side of Seneca Lake, directly on the popular Seneca Lake Wine Trail
  • Larger Dollar General PLUS prototype (±10,566 SF building)
  • Corporately guaranteed by Dollar General Corporation
  • Zero Landlord Responsibilities
  • 10-Mile average household income of $80,028 annually
  • Larger parcel size (±2.30 AC)
  • Lodi is located in between Seneca and Cayuga Lakes, which are highly popular destinations within New York’s Finger Lakes Region
  • New York’s Finger Lakes region draws millions of visitors annually

Tenant:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has an investment-grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
  • Dollar General has a market cap of ± 25 billion

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203